Payments Dive
SEPTEMBER 18, 2024
The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.
Fintech News
SEPTEMBER 22, 2024
Financial institutions around the world are facing a surge in fraud and cyberattacks. A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).
Fintech Finance
SEPTEMBER 24, 2024
Finastra has announced that First Pacific Bank , a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth.
TechCrunch Fintech
SEPTEMBER 2, 2024
The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by Altos Ventures. © 2024 TechCrunch. All rights reserved. For personal use only.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
The Fintech Times
SEPTEMBER 11, 2024
Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international
Finextra
SEPTEMBER 11, 2024
The number of card transactions in Europe is set to plummet by more than a third over the next three years, driven by the rise of account-to-account payments as ventures such as the EPI's new Wero wallet gain traction, claims a Capgemini report.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
SEPTEMBER 11, 2024
Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. Building on a series of successful experiments, Swift is advancing efforts to create practical solutions that will enable its members to transact seamlessly with digital assets. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
Finovate
SEPTEMBER 20, 2024
You never know where Finovate Global will take you on any given week. In our last edition, we spent time in Spain with wealthtech GPTadvisor. Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector.
Open Banking
SEPTEMBER 9, 2024
Open Banking Limited (OBL) is pleased to announce that the Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the CMA under the Retail Banking Market Investigation Order (the CMA Order) have successfully completed the Roadmap and associated required functionality to offer the full suite o
Fintech Finance
SEPTEMBER 13, 2024
The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments. This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Finextra
SEPTEMBER 16, 2024
Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
Payments Dive
SEPTEMBER 19, 2024
"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.
Fintech News
SEPTEMBER 29, 2024
BNPL fraud in Southeast Asia is seeing a rapid rise with fraudsters exploiting weaknesses in these platforms and developing sophisticated methods to deceive users for financial gain. A new report by Rest of World sheds light on how scammers are targeting BNPL platforms in Vietnam by exploiting a loophole that allows users to turn their credit into cash through so-called cash-outs.
TechCrunch Fintech
SEPTEMBER 11, 2024
Paymob has evolved into an omnichannel gateway offering over 50 methods for offline and online payments to more than 350,000+ merchants. © 2024 TechCrunch. All rights reserved. For personal use only.
Advertisement
The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
The Fintech Times
SEPTEMBER 22, 2024
Payments giant Mastercard has partnered with Kenyan mobile network operator Safaricom , to accelerate the adoption of payment acceptance and cross-border remittance services across Kenya. Through the Mastercard and Safaricom partnership, the two entities hope to benefit the 636,000 merchants in Kenya using M-PESA, Safaricom’s mobile money service and the preferred way to make a payment across Africa.
Finovate
SEPTEMBER 10, 2024
After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Featuring both Finovate newcomers and Finovate veterans alike, the winners of Best of Show for FinovateFall 2024 are listed below. Bancography for its technology that predicates branch investments on sound market data, not intuition, preventing costly missteps and ensuring optimi
Finextra
SEPTEMBER 19, 2024
Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
Advertisement
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Fintech News
SEPTEMBER 1, 2024
Cambodia and South Korea have officially launched a new cross-border payment system. This system, currently in its first phase, allows customers of Jeonbuk Bank in South Korea to make seamless payments to merchants in Cambodia using Bakong (KHQR) QR codes. The launch ceremony, held in Phnom Penh, was attended by senior officials, including Dr. Chea Serey, Governor of the National Bank of Cambodia, and Kim Tae Hyun, Vice President of Jeonbuk Bank.
Fintech Finance
SEPTEMBER 25, 2024
NETSTARS Co., Ltd. (Head Office: Chuo-ku, Tokyo; President & CEO: Tsuyoshi Ri；hereinafter “NETSTARS”) has partnered with ACI Worldwide (Head Office: United States; CEO & President: Thomas W. Warsop, III; hereinafter “ACI”) to support the further international development of cashless payments in Japan. The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secu
The Fintech Times
SEPTEMBER 26, 2024
India-based Web3 association, Bharat Web3 Association , is expanding into Australia, after signing agreements with the Digital Economy Council of Australia (DECA), the voice for businesses and innovators utilising blockchain and distributed ledger technology (DLT), and Asosiasi Blockchain Indonesia , a non-profit organisation looking to mobilise blockchain technology in the region.
Finovate
SEPTEMBER 27, 2024
PayPal is launching its PayPal Complete Payments platform in China, offering seamless cross-border payment solutions. The platform, which initially launched in the U.K., Canada, and Europe, helps merchants settle funds quickly and manage international payments. PayPal estimates the new tool will help Chinese merchants to reach over 400 million PayPal users globally.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Finextra
SEPTEMBER 26, 2024
The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.
Payments Dive
SEPTEMBER 12, 2024
Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.
Fintech News
SEPTEMBER 2, 2024
The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities. Payong Srivanich TBA Chairman Payong Srivanich announced on Monday that the CRF system, developed by the association, flagged more than 15,000 individuals who had opened
Fintech Finance
SEPTEMBER 24, 2024
Qist Bazaar , Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 billion in assets under management (AUM). Bank Alfalah, one of Pakistan’s largest commercial banks has already invested in Qist Bazaar, leading the seed round.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
The Fintech Times
SEPTEMBER 24, 2024
2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.
Finovate
SEPTEMBER 23, 2024
Summer’s officially over. But you’ve still got plenty of time to catch up on episodes of the Finovate Podcast that you might have missed while on vacation or just taking a break from the fintech buzz. John Driscoll of Naked Development sat down with Greg Palmer to discuss the importance of building a company for the exit you want as a founder.
Finextra
SEPTEMBER 26, 2024
R3, the financial markets digital solutions firm and Ownera, a leading provider of tokenization interoperability routers based on the open FinP2P protocol, have partnered to enable interoperability across the largest number of live production-grade use cases and networks for digital assets and digital currencies.
Payments Dive
SEPTEMBER 24, 2024
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
Advertisement
In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.
Expert insights. Personalized for you.
165 
Let's personalize your content